Russell Investments Group Ltd. boosted its position in Benchmark Electronics, Inc. (NYSE:BHE) by 9.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 558,278 shares of the technology company’s stock after purchasing an additional 50,119 shares during the period. Russell Investments Group Ltd. owned about 1.12% of Benchmark Electronics worth $19,065,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. boosted its holdings in shares of Benchmark Electronics by 8.6% during the second quarter. Ameritas Investment Partners Inc. now owns 4,390 shares of the technology company’s stock worth $142,000 after purchasing an additional 346 shares during the last quarter. Riverhead Capital Management LLC raised its position in Benchmark Electronics by 71.6% in the second quarter. Riverhead Capital Management LLC now owns 5,663 shares of the technology company’s stock valued at $183,000 after purchasing an additional 2,363 shares during the period. Flinton Capital Management LLC raised its position in Benchmark Electronics by 70.7% in the second quarter. Flinton Capital Management LLC now owns 5,746 shares of the technology company’s stock valued at $186,000 after purchasing an additional 2,380 shares during the period. CIBC Asset Management Inc purchased a new stake in shares of Benchmark Electronics during the second quarter worth about $203,000. Finally, Amalgamated Bank increased its position in shares of Benchmark Electronics by 1.7% during the second quarter. Amalgamated Bank now owns 6,812 shares of the technology company’s stock worth $220,000 after acquiring an additional 115 shares during the last quarter. 94.88% of the stock is owned by hedge funds and other institutional investors.
BHE has been the subject of several research analyst reports. Needham & Company LLC lowered Benchmark Electronics from a “buy” rating to a “hold” rating in a report on Thursday, October 19th. TheStreet downgraded Benchmark Electronics from a “b” rating to a “c+” rating in a research report on Monday, November 13th. One analyst has rated the stock with a sell rating and three have assigned a hold rating to the stock. Benchmark Electronics presently has an average rating of “Hold” and a consensus price target of $36.67.
Shares of Benchmark Electronics, Inc. (BHE) opened at $29.50 on Thursday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.66 and a current ratio of 3.60. Benchmark Electronics, Inc. has a one year low of $28.85 and a one year high of $35.80. The stock has a market cap of $1,476.78, a price-to-earnings ratio of 19.04 and a beta of 0.49.
Benchmark Electronics (NYSE:BHE) last issued its quarterly earnings data on Wednesday, October 18th. The technology company reported $0.39 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.05. Benchmark Electronics had a net margin of 2.63% and a return on equity of 5.62%. The firm had revenue of $604.00 million during the quarter, compared to analysts’ expectations of $584.50 million. During the same period in the prior year, the company posted $0.36 earnings per share. Benchmark Electronics’s revenue for the quarter was up 5.2% on a year-over-year basis.
Benchmark Electronics Profile
Benchmark Electronics, Inc is a provider of electronic manufacturing services. The Company operates through three segments: the Americas, Asia and Europe. It provides services to original equipment manufacturers of industrial control equipment, including equipment for the aerospace and defense industry; telecommunication equipment; computers and related products for business enterprises; medical devices, and testing and instrumentation products.
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